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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST
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To: Road Walker who wrote (131571)4/3/2001 7:42:28 PM
From: John Koligman   of 186894
 
John,

In my opinion we could hit 1500, but that is almost 80% down. In either case, I think the vast bulk of the damage is done, and the more important question is how long and how fast to stabilize and come back? In the '73-'74 bear I believe the DOW took almost 10 YEARS to come back, the NAZ did it more quickly, but still over several years. One of the keys will be how quickly the 'last mile' is conquered, and broadband made widely available at a reasonable price. Right now, it looks like it will take longer than many expected, so that's a rather large stumbling block in my book. I remember all the talk about the sub 1k PC not too long ago. Dell is now running ads for an $899 1GHZ PIII system. Somebody better come up with some 'cpu sucking software' <ggg> quickly, or else!!

Regards,
John

PS - I see that National Semi's Halla made comments today that he thinks there is another 6-9 months to go before a semi bottom. Says he has never seen such a sharp slowdown...
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